Who told you that?
Land is always a solid asset.. They not making any more of it.
Obv location is key, but for the most part banks always have and will always land collateral.
Once again obv location is ultimate decider on ow much they love it.
I have 6 acres I'm building my house on... It only appraised for 25k... It's Ina rural area but joins my family's land.
Perfect situation for me, I have no intentions of selling or moving.
I got to use it as part of down payment... 5300 sq ft house... Being able to use it helps.
This post was edited on 7/6 at 11:42 am